Odfjell Technology, a subsidiary of Odfjell Drilling specializing in offshore operations, well-service technology, and engineering solutions, has recently acquired McGarian TDC, a firm offering consultancy, design, and development services. This acquisition is expected to enhance the product line offerings of Odfjell Technology’s Well Services business area, particularly in the slot recovery and plug and abandonment sectors of the energy industry.
Established in 2005 to support the oil and gas sector and develop intellectual property and products, McGarian TDC holds patents and patent applications related to whipstock product lines and survey tools. The technology developed by McGarian TDC is applicable to casing milling, packer milling, abandonments, rigless abandonments, fishing, remedial, and drilling operations.
Recent successes for Odfjell Technology include winning a contract worth $14.8m to provide tubular running services for COSL Drilling Europe for a period of three years, with options for renewal. Additionally, the company secured a four-year contract, including options, with Equinor for drilling services on four fixed platforms on the Norwegian Continental Shelf, scheduled to start in October.
